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york and new jersey, as well as connecticut and other places along the eastern seaboard. we are working to conduct damage assessments for both operating capital costs needed to rebuild and restore. early efforts should allow us to compensate transit agencies promptly once assistance is made available by congress. this is a first-time effort to get fda contractors and fema people working side by side to do cost evaluation quickly and in concert with one another. secondly, the administration is requesting $5.5 billion to make transit agencies more resilient. people cannot afford to endure the loss of life and property that occurs when catastrophic events repeat themselves over and over. the sums to save them can far outweigh the cost to repair them multiple times. indeed, regional cooperation will be critical to this effort. president obama, as you know this month established a hurricane sandy rebuilding task force under the leadership of hud secretary donovan. we went up to new york just last week to sit with the head of new jersey transit as well as the port authority to make sure that
are lobbyists and work at these nonprofits. it is an economic generator in this town. host: jim from connecticut, republican line. caller: i have two questions. first, if there is no agreement by the december 31st deadline, can the congress act in such a way that any change in the law would be retroactive to january 1, 2013? do you believe the congress will consider solving for the individual taxpayer instead of the lobbyists? how do we get that turned around? guest: my answer to the upper question now, whether or not they can retroactively take on some of these issues so they do not pass it they can go on in postdate, that is something that have done quite often in terms of tax extensions in different bills where they will pass in february but it will be effective until january. host: industries benefiting most from this issue in terms of lobbying against sequestration in this issue of the fiscal cliff. education, health care, civil service and public officials. our last call joining us from buffalo, new york, good morning. caller: are you there? host: please, go ahead. caller: i am 21 years ol
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